BTAL vs. ADME ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to Aptus Drawdown Managed Equity ETF (ADME)

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.56

Average Daily Volume

608,847

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

ADME

Aptus Drawdown Managed Equity ETF

ADME Description

The investment seeks capital appreciation with downside protection. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its objective principally by investing in a portfolio of typically 40 to 50 U.S.-listed equity securities, while limiting downside risk by purchasing exchange-listed put options on one or more broad-based indexes or ETFs that track the performance of the U.S. equity market. Under normal circumstances, at least 80% of the fund's net assets (plus borrowings for investment purposes) will be invested in equity securities.

Grade (RS Rating)

Last Trade

$45.84

Average Daily Volume

20,157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	ADME
30 Days	-3.07%	1.08%
60 Days	2.14%	2.68%
90 Days	-0.71%	5.03%
12 Months	-2.40%	29.34%

28 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in ADME	Overlap
ABBV	C	0.41%	0.77%	0.41%
ACN	C	0.42%	1.14%	0.42%
ADP	B	0.42%	0.31%	0.31%
AMGN	B	0.43%	0.43%	0.43%
AVGO	C	-0.42%	2.28%	-0.42%
BLK	B	-0.45%	1.1%	-0.45%
CSX	D	0.42%	1.0%	0.42%
DUK	B	0.43%	0.68%	0.43%
ELV	C	0.44%	1.01%	0.44%
ETN	C	-0.43%	0.54%	-0.43%
FANG	D	0.37%	0.73%	0.37%
FCX	D	-0.4%	0.36%	-0.4%
HON	D	0.41%	0.86%	0.41%
JNJ	C	0.43%	1.14%	0.43%
LMT	B	0.4%	1.77%	0.4%
MCD	B	0.41%	1.03%	0.41%
MMC	C	0.41%	0.95%	0.41%
MSFT	C	0.43%	6.77%	0.43%
MSI	B	0.44%	0.84%	0.44%
NVDA	D	-0.38%	6.45%	-0.38%
PGR	A	0.43%	1.7%	0.43%
PLD	C	-0.42%	1.0%	-0.42%
SHW	B	-0.45%	0.45%	-0.45%
TJX	C	0.42%	0.91%	0.42%
TMUS	C	0.41%	1.1%	0.41%
TSLA	C	-0.45%	1.34%	-0.45%
UNH	C	0.41%	1.3%	0.41%
XOM	D	0.39%	1.75%	0.39%

BTAL Overweight 360 Positions Relative to ADME

Symbol	Grade	Weight
SBRA	C	0.47%
T	C	0.47%
MKL	C	0.47%
ERIE	B	0.47%
TRV	C	0.46%
WPC	C	0.45%
ARMK	C	0.45%
FFIV	B	0.45%
NEU	D	0.45%
GILD	B	0.45%
MKC	C	0.45%
NWL	D	0.45%
WELL	C	0.45%
RNR	B	0.45%
ORLY	D	0.45%
ZI	D	0.45%
MDU	B	0.45%
VZ	B	0.45%
IBM	A	0.45%
ALL	B	0.44%
PNW	B	0.44%
PNM	B	0.44%
PAYC	D	0.44%
CI	C	0.44%
GIS	B	0.44%
ED	C	0.44%
SAIC	C	0.44%
REG	C	0.44%
CACI	B	0.44%
AVB	C	0.44%
EQR	C	0.44%
KR	C	0.44%
ELS	C	0.44%
ROP	C	0.44%
THG	C	0.44%
XEL	B	0.44%
HEI	A	0.44%
UNM	B	0.43%
VFC	C	0.43%
EG	C	0.43%
MUSA	D	0.43%
VICI	C	0.43%
TDY	C	0.43%
PKG	B	0.43%
AXS	B	0.43%
HQY	C	0.43%
GD	B	0.43%
CHD	C	0.43%
HIG	B	0.43%
FLO	C	0.43%
DRI	B	0.43%
OHI	C	0.43%
PAYX	C	0.43%
WEC	B	0.43%
MOH	D	0.43%
SIGI	D	0.43%
CPB	B	0.43%
ACGL	B	0.43%
CCK	A	0.43%
BMY	C	0.43%
LNT	B	0.43%
AEE	A	0.43%
PFE	D	0.43%
WEN	D	0.43%
OLLI	C	0.43%
CMS	B	0.43%
CB	B	0.43%
CME	C	0.43%
SFM	B	0.43%
RGA	B	0.43%
ADC	C	0.43%
KO	B	0.42%
DD	B	0.42%
CSCO	B	0.42%
KMI	A	0.42%
HRB	C	0.42%
RYAN	C	0.42%
EDR	A	0.42%
VRSN	D	0.42%
NEM	B	0.42%
LNG	C	0.42%
FTNT	B	0.42%
O	C	0.42%
SLGN	B	0.42%
CTSH	C	0.42%
GLW	B	0.42%
WH	B	0.42%
AON	B	0.42%
FOXF	D	0.42%
PCAR	D	0.42%
VTRS	D	0.42%
ORI	B	0.42%
SNA	C	0.42%
DGX	C	0.42%
TGNA	C	0.42%
GLPI	C	0.42%
IBKR	A	0.42%
COLM	C	0.42%
CBOE	C	0.42%
CINF	C	0.42%
FCN	C	0.42%
DBX	D	0.42%
DOX	C	0.42%
RLI	B	0.42%
CMG	C	0.42%
BRO	C	0.42%
TXRH	C	0.41%
PCTY	C	0.41%
BG	D	0.41%
MAN	C	0.41%
L	D	0.41%
MSA	D	0.41%
RSG	D	0.41%
CFLT	F	0.41%
WTW	C	0.41%
ASGN	D	0.41%
JNPR	A	0.41%
G	C	0.41%
MSM	D	0.41%
CHH	C	0.41%
UTHR	C	0.41%
TXT	D	0.41%
CLH	A	0.41%
MCK	F	0.41%
DLB	D	0.41%
AMCR	C	0.41%
CACC	F	0.41%
WM	D	0.41%
KHC	C	0.41%
NOC	A	0.41%
WRB	C	0.41%
YUM	F	0.41%
RTX	C	0.41%
LULU	D	0.4%
GPC	D	0.4%
BWA	D	0.4%
X	D	0.4%
BKR	D	0.4%
CHRW	A	0.4%
TNET	F	0.4%
BWXT	C	0.4%
MSTR	D	0.4%
FOXA	B	0.4%
AIZ	B	0.4%
CHE	C	0.4%
ALSN	B	0.4%
J	C	0.4%
FMC	C	0.4%
CNC	C	0.4%
CW	A	0.4%
CF	C	0.4%
AKAM	D	0.4%
SNX	D	0.39%
AVT	C	0.39%
PAG	D	0.39%
MTCH	C	0.39%
JAZZ	D	0.39%
HPQ	D	0.39%
ARW	C	0.39%
BILL	D	0.39%
MUR	F	0.38%
HUM	F	0.38%
ST	D	0.38%
ON	F	0.38%
DVN	F	0.37%
SRPT	D	0.37%
OXY	F	0.37%
LPLA	D	0.37%
DECK	D	0.37%
KBR	D	0.37%
MOS	F	0.36%
WTM	D	0.34%
BMRN	F	0.32%
AGL	F	0.32%
AZO	D	0.31%
WOLF	F	-0.28%
BRZE	F	-0.32%
ELF	F	-0.32%
ALLY	D	-0.33%
CNM	F	-0.34%
COIN	F	-0.34%
CELH	F	-0.35%
MPWR	C	-0.35%
ARWR	F	-0.36%
DAR	F	-0.36%
SEDG	F	-0.36%
SMCI	F	-0.36%
MU	F	-0.37%
RMBS	F	-0.37%
MRNA	F	-0.37%
MTDR	F	-0.37%
RIVN	F	-0.38%
CHX	D	-0.38%
OC	C	-0.38%
RIG	F	-0.38%
DKS	D	-0.38%
GNRC	D	-0.38%
POWI	F	-0.38%
LRCX	F	-0.38%
ZS	F	-0.38%
THO	D	-0.39%
TER	D	-0.39%
CE	F	-0.39%
KMX	D	-0.39%
CC	F	-0.39%
RUN	C	-0.39%
PEN	D	-0.39%
XPO	D	-0.39%
EL	F	-0.39%
LNC	D	-0.39%
AMKR	F	-0.39%
BBWI	F	-0.39%
ENPH	D	-0.39%
PINS	F	-0.39%
MKSI	F	-0.39%
CNXC	F	-0.39%
CAR	F	-0.39%
ZION	D	-0.4%
RGEN	F	-0.4%
WBA	F	-0.4%
ELAN	D	-0.4%
TXG	D	-0.4%
WMS	D	-0.4%
COHR	B	-0.4%
GTLS	F	-0.4%
DINO	F	-0.4%
NTLA	F	-0.4%
PTON	C	-0.41%
OZK	D	-0.41%
NET	D	-0.41%
USB	B	-0.41%
ILMN	C	-0.41%
COTY	F	-0.41%
GH	D	-0.41%
TROW	D	-0.41%
CVNA	B	-0.41%
TGT	C	-0.41%
RF	B	-0.41%
NRG	A	-0.41%
GME	D	-0.41%
PATH	D	-0.41%
F	F	-0.41%
PNFP	A	-0.41%
KSS	F	-0.41%
CFG	C	-0.41%
APG	D	-0.41%
MGM	D	-0.41%
EXPE	C	-0.41%
PWR	B	-0.41%
AR	F	-0.42%
SCHW	D	-0.42%
WCC	D	-0.42%
AMD	D	-0.42%
EFX	C	-0.42%
RKT	C	-0.42%
OPEN	D	-0.42%
JHG	B	-0.42%
NVCR	D	-0.42%
SMG	C	-0.42%
EW	F	-0.42%
RRC	D	-0.42%
UBER	C	-0.42%
AXTA	C	-0.42%
SSD	C	-0.42%
SNV	C	-0.42%
SQ	D	-0.42%
ITT	B	-0.42%
NVT	D	-0.42%
CRSP	F	-0.42%
PYPL	B	-0.42%
LITE	B	-0.42%
UGI	C	-0.42%
SEE	D	-0.42%
JLL	B	-0.43%
AGNC	B	-0.43%
WAL	B	-0.43%
OWL	C	-0.43%
EQT	D	-0.43%
LPX	B	-0.43%
DAY	D	-0.43%
CWEN	B	-0.43%
FOUR	C	-0.43%
TTD	B	-0.43%
DASH	C	-0.43%
CG	D	-0.43%
BLD	D	-0.43%
ANET	A	-0.43%
SNAP	F	-0.43%
NTRS	B	-0.43%
TREX	D	-0.43%
PFGC	B	-0.43%
ALB	F	-0.43%
CRWD	D	-0.43%
CSGP	D	-0.43%
CRL	F	-0.43%
AA	D	-0.43%
HHH	C	-0.43%
LYFT	D	-0.43%
AWK	C	-0.44%
VST	A	-0.44%
NWE	B	-0.44%
RYN	C	-0.44%
USFD	B	-0.44%
TRU	B	-0.44%
URI	B	-0.44%
D	B	-0.44%
CCL	C	-0.44%
RBLX	B	-0.44%
INTC	F	-0.44%
FND	C	-0.44%
TFX	C	-0.44%
KKR	A	-0.44%
TT	A	-0.44%
PENN	C	-0.44%
CBRE	A	-0.44%
HOOD	C	-0.44%
CZR	C	-0.44%
SOFI	C	-0.44%
CMA	A	-0.44%
KRC	B	-0.44%
DELL	C	-0.44%
CEG	A	-0.44%
TOST	A	-0.45%
LYV	B	-0.45%
VEEV	C	-0.45%
CARR	B	-0.45%
NTRA	B	-0.45%
ROKU	C	-0.45%
RMD	C	-0.45%
BLDR	C	-0.45%
TOL	B	-0.45%
ALGN	D	-0.45%
MRVL	C	-0.45%
AES	C	-0.46%
VNO	B	-0.46%
BXP	B	-0.46%
BX	B	-0.46%
Z	B	-0.46%
AXON	A	-0.46%
ARE	C	-0.46%
VRT	C	-0.46%
IDXX	D	-0.46%
LAMR	A	-0.46%
DKNG	C	-0.46%
IOT	A	-0.47%
EXP	B	-0.47%
DAL	C	-0.47%
W	D	-0.47%
DUOL	A	-0.47%
TDOC	D	-0.48%
TPG	B	-0.48%
SAIA	D	-0.48%
SHLS	D	-0.5%
PLTR	B	-0.5%
DNLI	C	-0.51%
PODD	B	-0.51%
RH	B	-0.52%
FYBR	C	-0.52%
MDB	D	-0.52%
AFRM	C	-0.57%

BTAL Underweight 46 Positions Relative to ADME

Symbol	Grade	Weight
AAPL	C	-6.8%
AMZN	C	-3.6%
GOOG	D	-3.59%
META	A	-2.45%
NOW	A	-1.84%
SYK	C	-1.8%
JPM	D	-1.75%
V	C	-1.74%
BRK.A	C	-1.71%
CAT	B	-1.61%
LLY	C	-1.57%
AMAT	F	-1.5%
LIN	B	-1.41%
PG	C	-1.3%
TMO	C	-1.28%
PEP	D	-1.27%
LOW	A	-1.21%
WMT	C	-1.15%
NFLX	B	-1.07%
INTU	C	-1.06%
SO	A	-1.06%
COST	B	-1.05%
MAR	C	-0.95%
CTAS	C	-0.95%
ADI	C	-0.94%
PHM	B	-0.91%
MS	C	-0.88%
BAC	D	-0.88%
FDX	F	-0.88%
ABT	C	-0.83%
MRK	D	-0.79%
NEE	C	-0.79%
MDLZ	C	-0.79%
ICE	C	-0.75%
ISRG	C	-0.74%
DLR	B	-0.63%
MO	D	-0.6%
DE	B	-0.6%
TYL	C	-0.59%
EOG	D	-0.55%
C	D	-0.54%
PSA	B	-0.54%
ADBE	F	-0.52%
VRTX	D	-0.5%
CMCSA	D	-0.36%
HAL	F	-0.23%